The contracts contribute further to the $55 million in new and extended activity announced in April 2009.
The contracts also include construction support on BHP Billiton’s Pyrenees oilfield development utilizing the Neptune Trident DP2 vessel.
— A five month program of specialist rope access, heavy equipment lifting/rigging, NDT inspection, confined space entry/rescue and electrical inspection services offshore Western Australia.
— Detailed drafting and fabrication services to Pelamis Wave Power Limited (UK) for the manufacture of the P2 Pelamis wave energy converter (WEC) joint modules. Involving both of Neptune Marine Services’ UK business units, the scope of work includes engineering, design, procurement, inspection, supply, fabrication, testing and delivery of the completed modules.
Christian Lange, Neptune Marine Services’ managing director and chief executive officer said the current and future pipeline of opportunities across the global Neptune Group were extremely encouraging, particularly in light of the global economy.
“As highlighted in our recent quarterly statement, revenues generated by the group have remained robust at $48 million for the three months to March 31, 2009 and $145 million year-to-date,” he explained. “Similarly robust is our bidding activity and pipeline of tendering opportunities that is providing us with the visibility that will help to drive our ongoing growth strategy into 2010 and beyond.”
